Premier African Minerals chairperson Neil Herbert has resigned from the board with immediate effect.
Premier is a multi-commodity mining and natural resource development company focused on southern Africa with its RHA Tungsten and Zulu Lithium projects in Zimbabwe.
Herbert, who joined the company as a non-executive chairperson in 2020, has left the board to pursue other business interests including his recent appointment as the executive chairperson of Atlantic. Premier chief executive officer George Roach said in a statement last week:
Herbert rejoined the Premier board at a critical time in the rejuvenation of the company and I express my thanks and appreciation for this.
Herbert leaves the board to pursue his other business interests including his recent appointment as executive chairman of Atlantic Lithium. I have agreed to act for a limited period as the interim chairman.
Roach said Premier was in consultation with eligible candidates and would announce further corporate changes in the near future.
Herbert left the company after it had just signed a joint venture agreement with Li3 Resources Inc to acquire 50% interest in Premier’s lithium assets located in Mutare.
The London Stock Exchange-listed resource group acquired the claims located in the Mutare Greenstone Belt in 2020 and were held by the company’s subsidiary LicoMex Private Limited.
Li3 Resources is a private lithium-focused exploration company founded and backed by senior mining executives who have had prior success in the lithium sector.
Herbert was appointed director of the company on August 28, 2019.
He was previously a director of Premier between August 20, 2013 and April 22, 2016.
He is also chairperson of IronRidge Resources, Helium One, Siderian Resource Capital and is the acting chairperson of MN Holding Limited and its subsidiaries which operate Otjozondu.